Microsoft and Yahoo strike deal - report

The tech giants are set to announce an online search and advertising deal in the next 24 hours, according to The Wall Street Journal.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
July 28, 2009: 7:22 PM ET

Quick Vote
Has the recession caused you to change your spending and saving habits?
  • Yes, permanently
  • Yes, but only for a short time
  • No

NEW YORK (CNNMoney.com) -- Microsoft and Yahoo have finally come to a search deal and will announce the details of the agreement in the next 24 hours, according to a report.

It is not clear whether the two companies have signed any official papers, but the negotiations of the deal, which also includes advertising, have finally come to a close, The Wall Street Journal said Tuesday.

Yahoo (YHOO, Fortune 500) and Microsoft (MSFT, Fortune 500) have been in talks for some time to join forces on Internet search and advertising technology. Together, the two could stand a better chance to gain market share from rival Google (GOOG, Fortune 500).

Microsoft launched its own Internet search portal, Bing, in early June. While Bing met with initial success, Microsoft has still been unable to post a profit in its online advertising business.

Microsoft and Yahoo would share revenues on the deal, and Yahoo would not get any money up front, according to the Journal. To top of page

Tech: Gearing up for a comeback

Microsoft sales sink another 17%
Features
2011 Fortune 500
They're hiring!
They're hiring!
These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...
If the Fortune 500 were a country...
It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
10 of the most luxurious airline amenity kits
10 of the most luxurious airline amenity kits
When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health
7 startups that want to improve your mental health
From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work
5 radical technologies that will change how you get to work
From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Sponsors
Original Shows
Worry about the hackers you don't know 
PLAY Tech Talk
Worry about the hackers you don't know
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
PLAYGE CEO: Bringing jobs back to the U.S.
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
PLAY Innovation Nation
Hamster wheel and wedgie-powered transit
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play

Contact Us Closed Captioning Manage Cookies+ Site Map

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.